Business
TVI Pacific Provides Second Quarter 2014 Financial and Operational Results
TSX: TVI  OTCQX: TVIPF CALGARY , Aug. 12, 2014 /CNW/ - TVI Pacific Inc. (TSX: ...
About this update from Tvi Pacific Inc.
[{"type":"text","content":"\n\n\nTSX: TVI  OTCQX: TVIPF\n\n\nCALGARY, Aug. 12, 2014 /CNW/ - TVI Pacific Inc. (TSX: TVI) (OTCQX: TVIPF) (\"TVI\" or \"the Company\") today announced its unaudited, consolidated financial and operational\n results for the quarter ended June 30, 2014.\n\n\nFor a thorough explanation of the points discussed in this news release,\n shareholders are encouraged to read the unaudited interim consolidated\n financial statements, prepared in accordance with International\n Financial Reporting Standards (\"IFRS\"), and the management's discussion and analysis for the periods ended\n June 30, 2014 and June 30, 2013 and the audited consolidated financial\n statements for the years ended December 31, 2013 and 2012.  These\n documents were filed with certain securities regulators in Canada, and\n are available on our web site (www.tvipacific.com or under our profile on SEDAR www.sedar.com).\n\n\nQ2 2014 Highlights\n\n\n\nCash balance of $1.8 million at June 30, 2014.\n\n\nNo debt owing.\n\n\nNet loss before interest, tax, depreciation and share of loss of\n associates and joint ventures of $1.19 million.\n\n\nNet loss of $1.9 million.\n\n\nA working capital surplus of $7.4 million.\n\n\n\nFinancial Highlights\n\n\n\n\n \n\n\nQuarter ended\nJune 30, 2014\n\n\nQuarter ended\nJune 30, 2013\n\n\nQuarter ended\nMarch 31, 2014\n\n\n\n\nGross revenue ($ million)\n\n\n-\n\n \n\n      $20.1\n\n \n\n      -\n\n \n\n\n\nNet revenue ($ million)\n\n\n-\n\n \n\n      $17.0\n\n \n\n      -\n\n \n\n\n\nNet loss ($ million)\n\n\n      ($1.9)\n\n \n\n      ($4.3)\n\n \n\n      ($1.6)\n\n \n\n\n\nBasic net loss per share\n\n\n      ($0.003)\n\n \n\n      ($0.007)\n\n \n\n      (0.002)\n\n \n\n\n\nCash balance at quarter end ($ millions)\n\n\n      $1.8\n\n \n\n      $9.1\n\n \n\n      $1.9\n\n \n\n\n\nLetters of credit and loan facilities ($ millions) (1)\n\n\n-\n\n \n\n  ...